Is San Pedro, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, San Pedro has remained a Seller's Market.
Housing Prices in San Pedro, CA
How much do homes in San Pedro, CA cost?
Median Sold Price
$829,300
$563/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in San Pedro was $829,300 in May 2024, up 7% from last year, and the median price per square foot was $563.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $435K | $465K | +6.9% |
2 Bedrooms | $613.6K | $665K | +8.4% |
3 Bedrooms | $863.9K | $905K | +4.7% |
4 Bedrooms | $1.0M | $1.1M | +4.8% |
5+ Bedrooms | $1.3M | $1.3M | +3.8% |
Summary: San Pedro housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 3.8%.
Median Sold Price Compared To Nearby Neighborhoods
San Pedro | $775K | $829.3K | +7.0% |
Holy Trinity | $770K | $810K | +5.2% |
Vista Del Oro | $850K | $825K | -2.9% |
Point Fermin | $777K | $736K | -5.3% |
Housing Supply in San Pedro, CA
How many homes are available in San Pedro, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
135 | 142 | +5.2% |
Summary: The San Pedro real estate market had 142 homes for sale in May 2024, a 5.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 6 | -40.0% |
2 Bedrooms | 38 | 37 | -2.6% |
3 Bedrooms | 55 | 57 | +3.6% |
4 Bedrooms | 20 | 29 | +45.0% |
5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The San Pedro housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 45%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 30 | -21.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in San Pedro in May 2024, down by 21.1% month-over-month. Of the 30 sold homes, 47% were sold under asking, 10% were sold at asking, and 43% were sold over asking.
Days on Market for San Pedro, CA
How long does it take to sell a home in San Pedro, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 32 Days | +28.4% |
Summary: Homes in San Pedro had an average of 32 days on market in May 2024, up by 28.4% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 30 homes were sold in San Pedro; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.